The URL can be used to link to this page

Home My WebLink About1294 . _ 95-5109 - ' (l j,$4j - 13,9?4) this sa~t~ie o~ otAer uaaaf~r of title to tAe ~sa~~a~ed propsrty in eztin~uisAmeat of tbe inaeltedness secursd Aereby, all r~~h~. utle and iate~esl of tAe Mortpio~ ia and to aay insur~uce policies tAea in fotce shell p~ss to IAe pureAaset o~ ~~ntee. (A) To per(a*. coe~lr ~itM aod ~pide br each ~nd eve~y tAe stipulnions. ~t~ermena. C~111d111003 ~f1d COYlA~111! in said ~amssoty note and in U~s deed s~t tottA. ) That it any of aaid ~uss of a~on~y Rete+R ~t(erted to bt not promptlY tully p~id r•uAin fitieen dars eea~ a(ter tAe saiae severNly escaMi dye.aM ~Y~ble.o~ if each aad every tAe stipul~tioas. ~ueesents. cond~~iona an covee~nts of said proa~a- • sory note and thi~ deed, o~ either. ue ao~ tully per(amed, carplied with sad ~bided by, the said surep~e suia mceuoned :n s~id promissay note sAall becawe due ~nd payable fe~~l+r~tA a thereatter •t tAe optioa ot tAe 6iats~lee ~s fully and cospletely ss it the . e~i3 a~stt~~ta ou~ o( said p~asi~say aote ~~s onam~lly stiPul~ted to be paid an sucA d~lr. anytAia~ ie said promi~sory note or herein to tbe contruy notvitAstandia~. • (j 1 Tha~ io ade~ to aeceler~te the e~aturity ot the indebtedoass hcresy secured, secawe of tAe failure of the Mat{~~or lo pay any ~a~, assessment, li~bility. oslis~tion or encuu+brance upan said prope~ty, as Aerein provided. it sAall eot be necesca~y or requ~s~te that ~he . awrt~a~ee shall first pay the ssse. The Mort`a~ee may, at his aption, and without waivin~ his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either befon or efter delinquency any or all of those cettain obli~ations required by the terms hereot to be paid by the Mort~a`or for the protection of the moct~s`e secority or for the col- lection of the indebtedness hereby secu~ed. All sums so advanced or paid by the Moct~a~ee shall be char~ed into the mortaage account and become an inte~ral part thereof, subject in all r~spects to the terms. conditions. and ~ covenants of the atoresaid promissory note, and this mort~age. as [ully and to the same extent as thou~h a part j of the original indebtedness evidenced by said note and secured by this mort~age. excepting however. that said j sums shall be tepaid the Mortsaaee forthwith upon its demand and be in addition to the reaulu monthly install- ; ments provided by the mort`sae note. 3. That the absuact or absuacts o[ title coverin` the mortaaged property shall at alt times. durin~ the li[e of this mortga~e, remain in possession of the Mortgagee and in eve~t of the foreclosure ot this mortsaae or other transfer of title to the mortgaged pcopcrty in extinguishment of the i~debtedness secured hereby, all ti~ht. title and interest of the Mottsaaor in and to any such absuacts of title shall pass to the putchaser or `~antee. 4. To the extent of the indebtedness of the Mort~agor to the Mortaa`ee described herein or secured hereby. the !1lortgagee is hereby subrogated to the lien or liens and to the ~ights of the owners and holder6 thereof of euh and every mortgaae, lien or other incumbrance on the land described herein which is paid and/or satisfied. in ; whole or in patt. out of the proceeds of the loan described herein or secured hereby, aad the resptctive liens of ~ said mortgages.liena or other inc~unbrances, shall be and the same and each of them heteby is preserved apd shall f pass to and be held by the Mortgagee herein as security fot the indebtedness to the hlort`agae herein described ~ or hereby secured, to the same extent that it would have been pseserved and would have been passed to ind been held by the Mort`agee had it been duly and regularfy assigned, transferred, set over, and delivered uato the Moct- gagee by separate deed of assignment, notwithstandins the fact that tha same may be satisfied and cance~led of i recocd. it bein6 the intention of the parties hereto that the ~ame will be satisCied and cancelted of record by the ~ holders thereo~ at or about the time of the recording of this mortgage. S. ln the event the.ownership of the mortgaaed pternises, or any part thereof. oecanes vested in a person other than the M~ntaa~ar, the Mortgasee may, without notice to the Mortgajor, deal with such successor or suc- cessors in intereat with re[erence to this deed and the debt hereby secured, in the sama manner as with the Mort• gagot without in as~y way vitiating ot dischargin6 the Mottsagor's liability heteundet or upon the debt hereby secured. No sale of the premises hereby mortgaged ard no fabearance on ti~e put of the Mortsagee, and no ex- tension of thc time fo~r the payment of the debt hereby secured given by the Mort=a~ee shall operate to release. ' discharse, modify, chanse or affect the ori6inal liability of the Mortgasor herein either in whoie ar in part. 6. The lien of this deed secuces and shalt continue to secure payment of said indebtedness or indebted- ness. Mowever evidenced, whether by said promissory note or any tenewal or eateosion thereof or substitute there- ' for, or otherwise, until all such indebtedness shall have been fully paid. ~ 7. In the event the mor~gagors sell~ convey or ~rnnsjer the n~ortgaged pranises during the life oj dtis mort- ~ Rage, thtn. this mortgage shall t the~oplibn oj the Afortgagee herein, become immedidttly due a»d pnyoblt jor the ! jul! sum oJ the principat ba and interest then due. - I E 8. The tecros "Mort ' and "Mortgagee" whenever used in this instrument shall include the heirs. ~ personal tepresentatives. successots and assigns of the respective parties hereto. Whetever used the singular number shall include the plural and the plural the singular. and the use of any sender shall inctude all genders. ~ Si ned. sesled eli d' the presence of: ~~'~~2" ~ (Seal) .c QD (Seal) STATE OF FLORIDA ss COUNTY OF~E ST. LUCIE eefore me personally appeared ARCHIE COTs euld LIILA MAE COE, H is Wife ~ to me .vell known and Icnown to me to be the individuals desccibed ia snd who executed the foresoina instrument. and aclcnowled~ed befae me that they eaecuited the same [oc the purposes therein expressed. WITNESS my hsnd ~ and officisl seal in the County and State last sforeseid this bth Day 01' tober, 1969. F1LED AND RFCOROED ~ . ST. ~UClE COUNTY. FLA- _ . ' ,rr~ry~ ~jFc?i~t~p i _ . ' ! ~ ~ `i~i~,- ~ . ~1y Canmission Expires: J~ne 30. 197~ Notary Pu ~c. State o[ Florid 'E9 L~r 3 P~1 ~ : 54 _.r ~ . . : ; T I • ~ : . : 7- ~ . , . ~ _J,. . . . . . 189~ - • - - - . = • ~uRT n: ~0!TR :S b ~'n J}:''~. _ iRCUIT C CL~Ri{ C ' - ~ ' ~ ~ c % 0 R p r~y 1~''~ y. 600K10O PAGE1~~7~ I'. { - - - - - ~ _ - ~.~~~.~~~'T~ ~ ~ ~ _